Why MercadoLibre Stock Popped 5% This Morning

Shares of MercadoLibre (NASDAQ: MELI), the Argentine e-commerce star, have been inching up in price for the past three days -- but Tuesday's morning trading was something out of the ordinary. This morning, MercadoLibre stock jumped more than 5% initially, and it's holding onto the bulk of those gains (4.3%) as we round the clock into 11:30 a.m. EDT. MercadoLibre stock has been a star performer in 2020, gaining nearly 140% in the last 52 weeks of trading.